Sunday, March 11, 2012
In the Zone
$MCP - Molycorp, Inc.
Molycorp, Inc., a development stage company, engages in the production and sale of rare earth oxides in the western hemisphere.
Its rare earth products include oxides, metals, alloys, and magnets for various inputs in existing and emerging applications comprising clean energy technologies, multiple high-tech uses, defense applications, and water treatment technology.
The company primarily owns and operates the Molycorp Mountain Pass facility, an open-pit mine containing rare earth deposits outside of China located in San Bernardino County, California.
It also intends to produce and sell rare earth oxides and rare metals in Europe; and rare earth alloys in the United States. Molycorp, Inc. is headquartered in Greenwood Village, Colorado.
Please keep (MCP) Molycorp, Inc. on your radar for a breakout in price above $127.75 - $127.80 on heavier than average average daily trading volume of 20.39 million. The average weekly trading volume for (MCP) molycorp, Inc. is 31.56 million.
As this week in the stock market came to a close (MCP) Molycorp, Inc. closed to end the week trading at $30.89 up $6.34 or +25.82% on heavier than average trading volume of 31.56 million. The average weekly trading volume for Molycorp is 31.56 million.
Please note that this is not a buy recommendation please do your own due diligence or get help from a professional before trading.
By: Marlin Rolle
*** Please have a close look at the charts listed below ****